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Search Results 0 to 6 of about 7 (some duplicates have been removed)
as the debt starts to really become a cancer on the economy. the economy will collapse. >> reporter: wait a minute. the economy will collapse? you mean, worse than what we went through in 2008? >> oh, yes, it would be much worse if it continues going on unfettered. >> reporter: long-term we're in big trouble, far worse than january's fiscal cliff, but short-term kicking the can down the road. >> the interesting thing is because the economy is still growing so sowly, that if we -- so slowly, if we kick the can for another year and don't do immediate deficit reduction, our economy is projected to do better than if we had deficit in the short-term. >> reporter: that sounds good. you don't have to raise taxes or cut popular programs. kick the can far enough down the road, you're not in office any more and it's some other politician's problem, which is exactly how we got here in the first place. deer recollect. >> thank you, gary. >>> we've got a possible murder suicide tonight involving three relatives. three small kids, an uncle and a grand mom found dead in a garage in toledo. investigators
economy while keeping the financially troubled economy on the eu currency system. thousands of protesters demonstrated and clashed with police in riot gear as they protested the new budget that calls for spending cuts and higher taxes. tomorrow eu finance ministers will meet. the greek economy prices will be the center of those talks. >>> in florida today a rally on behalf of a bethesda, maryland man being held in a cuban prison. demonstrators gathered in west palm beach where the national symphony was making its first u.s. tour. they're protesting the imprisonment of alan gross, serving a 15-year sentence on charges he was trying to undermine the cuban government. gross says he was merely trying to provide internet service to the small jewish community in cuba. there was a letter signed by 500 rabbis and addressed to cuba's president. it calls for gross' release on humanitarian grounds. >>> residents could have their electricity back, but tens of thousands of homes and businesses were too damaged to receive it. residents of those homes are now scrambling to find temporary housing. real e
our economy is still recovering from the great recession, our top priority has to be jobs and growth. >> economists say the country will be plunged into another recession if it goes over this cliff on january first. that's when bush era tax cuts expire unless the president and lawmakers agree on a new plan. any deal must include asking wealthiest americans to pay more taxes. house speaker john boehner disagrees. >> the problem with asking for more taxes is a lot of them are small business owners. >> they're asking from the middle class. most of them work on the more contentious issues at stake by the end of the year. >>> the airport authority got an award nobody wants. the golden hammer for the week's worst government waste. and while it controls dulles and reagan airport, billions in federal money is spent. the journal talks about free football tickets they got, side jobs and one contact that went 1700% over budget. the washington garden also -- guardian also stunned because it awarded 2-thirds of its contracts without opening up for bid. >>> president obama will travel to new york
. president obama making his first post-election comments about the economy. he will talk about those automatic tax headaches and severe budget cuts due to go in effect in january. analysis by the congressional office says if congress boggs down and takes a long time to avert the so-called fiscal cliff it would trigger a recession. the man what shot former congresswoman gabrielle giffords in the head and killed six others will spend the rest of his days behind bars. giffords faced her shooter. he told loughner, you tried to create world as dark as yours but you failed. kelly added, you may have put a bullet through her head, but you haven't put a dent in her spirit. giffords' aid ron bear bar was also wounded. he served out the rest of the congresswoman's term. >> i turned to mr. loughner and said, i hold no hatred for you but i am very, very angry and sick of heart about what you did. >> when the judge sentenced loughner to seven life terms plus 140 years in prison, his mother put her head down and cried uncroppably. the 24-year-old has been diagnosed with schizophrenia. tonight folk
Search Results 0 to 6 of about 7 (some duplicates have been removed)